ECB vows digital euro will serve all Europeans in inclusivity push

I don't get it, money is already digital - why do we need a "digital euro"? It's more like the government needs it so they can oppress the people.

Just read my old threads, see who the trolls were who tried to stop us from discussing and criticizing this financial death star.

The saboteurs think they will somehow escape it by sabotaging others. Only a few major companies and their families is escaping.
They moved a lot of their money btw.

Schultz is unfortunately too old to have read up on it, so he is just speculating positive scenarios since he don't have to give a damn about the rest of us.

Former BoE governor Mervin King has more reasonable description of it.
Also CBDC are programmable, so if European commission decides eating meat is bad for the planet, they can program your CBDC to deny your "unhealthy purchases" let you eat plants or ants.

https://www.fnlondon.com/articles/ex...oblem-20220118
Discussion about CBDC starts at 2:30:

This guy is far more ahead than any of us, since he wrote a paper and did his research already 27 years ago:

"1999 challenges for Monetary Policy - New and Old"

https://odad.org/storage/files/artic...UvStqlpqyK.pdf

Yeah and nah.

I am processing this myself. As I understand it, the money in your bank is a digital electronic record of the analogue money that your bank owes you. It is not digital money.

A CBDC will also be stored in a similar manner (except with the CB, not your bank), but it is not analogue money, it is digital money.

Your second sentence raises a question. The answer of which you have to be careful about the credentials and nature of who provides you with facts. Beware of conspiracy theorist nutters.

Current money is like a gift card from a shop. The store owes you say $50 of goods. Just as your bank owes you $50 in money if you ask them.

Digital currency is a claim on the CB. It is as good as cash. It is not a promise by the shop or your commercial bank.

Economists would say that bank deposits are not money; they are money‑like claims. Central bank money is money.

Control - your bank sees everything you do. Use your plastic card, and your bank knows. Blah. Nothing you can do about it.
The CB issues digital dosh with privacy layers. Just as with cash, it cannot see how you spend it. This could be much more private than the current system.

These unelected people are always doing what people don't want or care about and they are always justifying it by saying it's for the people's wellbeing. How far are we going to let this infantilisation, we are all adults but it doesn't show

Digital means no cash. No cash, no liberty. Every transaction traced.

They only need some good excuse for people to swallow to get rid of the cash. "New convid strain started spreading through cash, go sick or go digital"

Digital euro will help to bring more migrants and ensure the obedience of unhappy Europeans.

Digital Euro has nothing to do with digital transactions as they currently exist: it means you'd be holding your money with your central bank, not your bank. That money would be centrally controlled